| Credit
Tenant Lease Financing |
| Double
Net Leases: |
- Debt
service coverage as low as 1.05 x rent
- Loan-to-value
ratios of 90% or less
- Retail,
industrial or office property types in any location considered
- Borrower
responsible for MAI appraisal; Phase 1 and engineering reports
from pre-approved consultants
- Escrow
for landlord maintenance and any lease responsibilities not
covered by tenant
- Specialty
insurance to cover casualty and condemnation risk is generally
not required
- Buyers
available
|
| Bond
or Absolute Net Leases: |
- Debt
service coverage as low as 1.0 x rent
- Loan-to-value
ratios up to 100%
- All
property types, uses and locations
- Borrower
responsible for Phase 1 environmental from pre-approved consultants
- Direct
corporate obligations funded similarly
- Transaction
ratings not required
- Buyers
available
|
| Build-To-Suit
100% Construction Financing: |
- Build
to suit properties pre-leased to credit tenants
- 100%
financing available
- Greater
than 100% financing available based on present value of rent
increases
- Pre-development
funds available for high quality tenant leases on Absolute Leases
- Construction
loan rolling into permanent loan
- All
property types, uses and locations
- Lease
must be bond or absolute net lease
- Preferred
lease terms of 10, 15, and 20 years
- Buyers
available
|